2010 top story no 2

EU financial crisis — The euro started off 2010 as a stable and highly valued international currency. Then the Greece debt crisis showed the weakness of the loose economic system allowing each country to run up its own deficits and balance its book — or not. We learned about the PIIGS — Portugal, Italy, Ireland, Greece and Spain — all countries with economies so highly indebted that they would need to be bailed out. Germany came to the rescue of Greece, but can it carry all the other countries? This story continues.